Shares in Bovis Homes fell after the housebuilder cautioned uncertainty surrounding the UK’s departure from the European Union has put off discretionary homebuyers.

Bovis shares down 7.4% at 964 pence a share.

The group is the latest housebuilder to warn over the impact of Brexit worries after Taylor Wimpey earlier this week said it was seeing signs of customer caution, particularly in the south-east of England.

Bovis said while its sales rate had remained stable, “the uncertainty surrounding Brexit has impacted discretionary buyers”.

It comes after official figures on Wednesday also showed house prices in England are growing at a slower annual rate than the rest of the UK, while property values in London are continuing to decline.

George Salmon, equity analyst at Hargreaves Lansdown, said Brexit is “proving to be a fly in the ointment” for UK housebuilders.

“The housing market is already slowing, and the worry is it grinds to a halt in the event of a disorderly Brexit – which would clearly be bad news for the builders.